Check out the just published Hill & Knowlton survey of 420 senior execs with USD 100 million plus companies in the United States, UK, Canada and China. It reports that:
- While 82% of the respondents closely monitor the issue of global warming, 65% said that they don’t yet have a defined energy strategy to deal with it.
- 65% said that no one within their organizations is tasked with defining the company’s energy strategy.
- 52% identified improved corporate reputation as the most important return on investment for environmental programs.
- 38% rated actual carbon emission reduction as the most important metric for return on investment for environmental programs.
Further to the above, I also ran across the “Preliminary results for the year ending 31st December 2006” of the Climate Exchange Plc. The Climate Exchange plc operates the world’s largest markets for trading carbon credits; the European Climate Exchange and the Chicago Climate Exchange. The report details a dramatic growth (be it from a low base) in global the carbon trading market…for example CLE chairman Richard Sandor reports:
"The Chicago Climate Exchange (CCX) saw its average daily volume increase by 610% over 2005. Total volume in the Carbon Financial Instrument (CFI) for 2005 was l.4 million tonnes, which grew to 10.3 million tonnes in 2006. For the first quarter 2007, average daily volume increased by 167% over the figure for the full year 2006. Our list of members also grew dramatically. We closed 2005 with 131 members which increased to 238 in 2006."
THOUGHTS: Both these reports signal that despite a sea change jump in global corporate interest in climate change, most businesses have yet to develop coherent strategies to engage the challenge. Those businesses that are acting have focused their reduction strategies around carbon emissions trading (Cap & Trade).
And that the growth in carbon credit trading in the US and Europe is explosive. And clearly the stock markets get it too. Just look at the financial share price rise of Climate Exchange Plc (CLE).
The is great news for the planet!
KEYWORDS: Climate Change, Sustainability, Carbon, Footprint reduction